Haskins and Jones, Attorneys-at-Law, maintain its books on a cash basis. During 2018, the company collected $635,000 in fees from its clients and paid out $430,000 in expenses. You are able to determine the following information about accounts receivable, prepaid expenses, deferred fee revenue, and accrued liabilities:

	January 1, 2018			December 31, 2018
Accounts receivable	$	80,000		$	76,000
Prepaid insurance		6,300			8,100
Prepaid rent		11,000			9,100
Deferred fee revenue		11,000			13,200
Accrued liabilities (for various expenses)		14,000			18,700

In addition, 2018 depreciation expense on furniture and fixtures is $31,000. Required: Determine accrual basis net income for 2018.